Friday, November 4, 2016

UE insurance coverage ratio in these doldrums time

"Today, the ratio of those with unemployment insurance to the total number of unemployed is about 30 percent, which pretty much touches the lows so far in this economic recovery. That’s where the comparison with the level of claims in the 1970s -- or perhaps any pre-crisis era -- is misleading.

Let’s take a deeper look at the 1970s. Back then the level of continuing unemployment insurance claims was about 60 percent to 65 percent of the overall unemployment level. That ratio fell to the 40 percent to 45 percent range from the 1980s to 2002, then rose to more than 50 percent in 2009, but has since fallen to the current lows. "The list of alibis begins :

"That so many fewer people are eligible for unemployment benefits may at first glance not seem like a crucial development for the labor market"" ... it underscores the changing nature of work. Today we have more temporary workers, self-employed workers and contractors, many of whom are not eligible for unemployment insurance. Is this the gig economy at work? "Counter" Either way, the lack of insurance coverage probably signifies that they are underemployed."

More albi " it is possible that workers might have taken jobs where they're ineligible by choice ... with the implementation of the Affordable Care Act, it’s possible that people are more inclined to take on those sorts of jobs because they can buy insurance on an exchange rather than get coverage through their employer. "